Safety
Lowest ever LTIFR1
Loss of life: 6 (FY25:11)
5.05 lost-time injuries per million hours worked
United by purpose and guided by values, we continue to operate ethically and foster belonging, pride and accountability within our workforce, while collaborating with host communities to sustain and enhance the value we create.
FY26 was one of Harmony’s strongest years, driven by our focus on safety, growth investment and creating opportunities for our people as we expand in gold and copper.
Lowest ever LTIFR1
Loss of life: 6 (FY25:11)
5.05 lost-time injuries per million hours worked
Gold: 44 464kg
(1.43Moz); met production guidance for over a decade
Copper: 18 207t
Upper end of guidance achieved
Met guidance
Gold: 5.83g/t
Copper: 3.75%
+87% to 4 363 SA cents
(258 US cents3)
0.02x
Net debt: R852m
(FY25: net cash R11.1bn)
+48%
R33.6bn
(FY25: R22.6bn)
Mineral Resources stable at 106.8Moz
Mineral Reserves slightly up to 27.4Moz
Underground Reserve grade at 6.54g/t
Mineral Resources at 7.4Mt
up 18% from CSA
Mineral Reserves at 4.0Mt
up 71% from both Eva Copper and CSA
CSA Reserve grade at 3.26%
FTSE4Good Index Series inclusion for the 9th
consecutive year
MSCI ESG rating upgrade to “A”
Chairman’s statement
FY26 reflected the benefits of Harmony’s long-term investments, strong management and strategic decisions, delivering positive outcomes across key priorities as the company evolves into an international gold and copper producer creating sustainable value for stakeholders.
Dr Patrice Motsepe Chairman
Chief executive officer’s review
FY26 marked a defining milestone as Harmony became a gold and copper producer, integrating CSA mine and starting construction at Eva Copper, while meeting all production, grade and cost guidance, including gold production guidance for the 11th consecutive year.
Beyers Nel Group chief executive officer
Harmony is building a stronger, more resilient and future-focused business. By optimising operations, pursuing value-accretive growth, diversifying the portfolio and securing robust free cash flow, we create enduring profitability and long-term shareholder value. Each portfolio plays a distinct role in the business model and contributes to Harmony's transformation into a high-quality, geographically diversified gold and copper producer.
Harmony is a long-life gold producer with copper-driven growth and optionality. We have the largest and fastest-growing copper exposure of any South African gold producer. Combined with our track record of consistency and operational excellence, that sets us apart. Together, this is a differentiated proposition – cash generation today, optionality for tomorrow, and a management team with the track record to deliver on both.
Sustainability is not a parallel reporting exercise, it’s how we secure the three inputs our mines cannot operate without
CSA, Eva Copper and Wafi-Golpu provide a credible route to a more diversified, higher-margin gold-copper portfolio
We have technical capability in complex underground operations, grade control and asset optimisation
We turn historic tailings into value, rehabilitation and resource stewardship, at a global scale
We have a clear framework that balances reinvestment, balance sheet strength and sustainable shareholder returns
We have predictable delivery, disciplined cost control and portfolio-wide execution
Our Mineral Resource and Mineral Reserve base continues to grow and, more importantly, improve in quality
Harmony’s leadership has built a culture built on achievement and delivering results
Harmony’s Integrated report provides a balanced and concise view of how we leverage and affect the resources and relationships on which we rely to execute our strategy and business model.
The report articulates how we create and preserve value for Harmony and our stakeholders, while mitigating its depletion, over the short, medium and long term.